##### 





|Preliminary 2006 Second Quarter Results
|---------------------------------------



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##### 



|Forward Looking Statements

1

In this chart presentation and in related comments by General Motors' management, we will use words like "expect," "anticipate,"
"estimate," "forecast," "initiative," "objective," "plan," "goal," "project," "outlook," "priorities," "target," "intend," "evaluate," "pursue," "seek,"
"may," "would," "could," "should," "believe," "potential," "continue," "designed," or "impact" to identify forward-looking statements that
represent our current judgments about possible future events.  We believe these judgments are reasonable, but GM's actual results
may differ materially due to a variety of important factors.



Among other items, such factors might include: our ability to achieve reductions in costs as a result of the turnaround restructuring,
health care cost reductions and an accelerated attrition program, to realize production efficiencies and to implement capital
expenditures at levels and times planned by management; the pace of product introductions and market acceptance of our new
products; changes in the competitive environment and the effect of competition in our markets, including on our pricing policies; our
ability to maintain adequate liquidity and financing sources and an appropriate level of debt; restrictions on GMAC's and ResCap's
ability to pay dividends and prepay subordinated debt obligations to us; the final results of investigations and inquiries by the SEC and
other government agencies; changes in relations with unions and employees/retirees and the legal interpretations of the agreements
with those unions with regard to employees/retirees; our ability to complete the timely sale of a 51-percent controlling interest in
GMAC and the effect of that sale on the results of GM's and GMAC's operations and liquidity; labor strikes or work stoppages at GM
or its key suppliers such as Delphi Corporation or financial difficulties at those key suppliers; negotiations and bankruptcy court
actions with respect to our relationship with Delphi; additional credit rating downgrades and their effects; costs and risks associated
with litigation; new or amended laws, regulations, policies or other activities of governments, agencies and similar organizations; price
increases or shortages of fuel; changes in economic conditions, commodity prices, currency exchange rates or political stability in the
markets in which we operate; and other factors affecting financing and insurance operating segments' results of operations and
financial condition such as credit ratings, adequate access to the market, changes in the residual value of off-lease vehicles, changes
in U.S. government-sponsored mortgage programs or disruptions in the markets in which its mortgage subsidiaries operate, and
changes in its contractual servicing rights.



In addition to these factors, a variety of other factors may materially affect GMAC's actual results, including:  changes in the
competitive environment and the effect of competition in GMAC's markets, including GMAC's pricing policies; GMAC's ability to
maintain adequate financing sources and an appropriate level of debt; the profitability and financial condition of GM, including
changes in production or sales of GM vehicles and risks based on GM's contingent benefit guarantees; changes in GMAC's
accounting assumptions that may require or that result from changes in the accounting rules or their application, which could result in
an impact on earnings; and the threat of natural calamities.



The most recent annual reports on Form 10-K and quarterly reports on Form 10-Q filed by GM and GMAC provide information about
these factors, which may be revised or supplemented in future reports to the SEC on those forms or on Form 8-K.  We caution
investors not to place undue reliance on forward-looking statements, and do not undertake any obligation to update publicly or
otherwise revise any forward-looking statements, whether as a result of new information, future events or other such factors that affect
the subject of these statements, except where expressly required by law.
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|2006 Second Quarter Highlights

Second consecutive quarter of record revenue - $54.4B

GAAP EPS ($5.62), ($3,179) million Net Loss driven primarily by
charges related to GM/UAW/Delphi accelerated attrition program

Adjusted EPS $2.03, $1,153 million Adjusted Net Income represents
$1,384 million improvement vs. Q2 '05 Adjusted results

Automotive operations profitable on an adjusted basis

GMNA improved by over $1B vs. Q2 '05 as cost savings actions gain
additional traction

Significant improvements again in GME and GMLAAM

Continued strength in GMAP

Continued strong profitability at GMAC

Positive cashflow of $1.3B in quarter improved automotive liquidity to
$22.9B, including $2.8B readily available VEBA assets

2
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|Second Quarter Adjusted Results - Net Income

3

  Refer to Supplemental Chart 1 for reconciliation to GAAP figures

  Refer to Supplemental Chart 1 for reconciliation to GAAP figures
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|Second Quarter Adjustments to Income

4

Exclusion of special items useful for:

     - Management to measure operations

     - Comparisons between reporting periods

     - Investors to measure and assess company performance

     - Investors to measure and assess company performance
     - Investors to measure and assess company performance
     - Investors to measure and assess company performance
     - Investors to measure and assess company performance
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##### 



|GMAC Loss on Sale

5

When GM announced sale of 51% controlling interest in GMAC,
transaction expected to generate $1.1 - 1.3B pre-tax loss on sale

Represents writedown of 51% of goodwill since transaction based on
tangible book value

Q2 special item of $490 million after-tax includes the effect of Other
Comprehensive Income (OCI) related to unrealized gains on GMAC
marketable securities, as well as tax effects of the transaction

                     $millions

         Principally goodwill       (1,199)

         51% of OCI              766

         Net writedown (pre-tax)         (433)

              Tax Impact              (57)

         Total Charge            (490)

For GAAP accounting purposes, GM required to cease depreciation on
assets held for sale, offset by an impairment on GMAC operating lease
assets

Total Loss on Sale in GAAP income statement will total $1.2B including
$0.8B operating lease asset impairment

Offset by $0.8B lower depreciation in operating results (zero net P&L impact)
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|Special Attrition Program Impact

6

GM/UAW/Delphi special attrition program announced March 22

Retirement/separation incentives offered to all UAW hourly employees

Similar provisions offered to IUE-CWA represented workers

Initial GM results of 35,000 acceptances announced June 26

Final results now available - total acceptances of 34,410

29,945 retirements; 4,465 separations

Special charges of $3.7B after-tax recognized in Q2 as result of final
program results, comprised of three elements

$1.4B after-tax for cash payments to employees

$2.9B after-tax for recognition of pension expense accruals for
employees retiring early

Favorable offset of $0.6B after-tax for reduction in capacity action
charges taken  in Q4 2005 due to lower than anticipated JOBS expense

Additional charges of approximately $0.2B after-tax anticipated in Q3
for OPEB accruals related to employees retiring earlier than
anticipated
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|Special Attrition Program Impact

Pension/OPEB Remeasurements

7

GM remeasured its U.S. hourly pension plan as of April 30, 2006 as a
result of the accelerated attrition program

As a result of this remeasurement, CY06 pension expense reduced
by $0.7B

Drivers of pension expense change following remeasurement include:

Increase in discount rate versus the YE 2005 estimate

Asset returns during first four months of 2006 favorable vs. assumptions

Lower unrecognized prior service cost

Increased average service life for remaining employees
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### 



|Other Pension/OPEB Remeasurements

8

GM is also remeasuring its U.S. hourly health care plan due to the
attrition program and, as previously disclosed, several of its U.S.
pension and OPEB plans due to plan amendments:











Total pension/OPEB savings, including impact of the special attrition
program, is approximately $5B on an annualized basis, with
approximately $3B expected to be realized in CY06
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|North America

Second Quarter Adjusted Results

9

9
|----------------------------------------------------



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|GMNA Vehicle Revenue Per Unit

Calendar Year

Second Quarter

Net Revenue

Gross Revenue

Less Sales

Incentives

Memo: Vehicle Revenue per Unit excludes such items as impact of daily rental acctg., Service Parts, other

            outside sales and OnStar

Reported Rev/Unit      20,899       20,321      20,777          20,875       20,540                         20,632      19,638       20,413      20,352      20,673       21,859

10

  Refer to Supplemental Chart 2 for reconciliation to GAAP figures
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### 



|North America Adjusted Net Income

Q2 2005 vs. Q2 2006

Q2 2005 Net Income   ($1.1)B

Warranty/Quality    0.3

Pension-OPEB       0.3

Other Structural Cost    0.5

Contribution Margin    (0.1)

Q2 2006 Net Income   ($0.1)B

11

Favorable contribution margin impact of higher revenue/unit mitigated
by higher material and freight costs
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### 



|Steady cadence of turnaround actions

Oct 2005: GM/UAW Retiree Health Care Agreement reached

Nov 2005: Manufacturing Capacity Actions announced

Feb 2006: U.S. Salaried Retiree Health Care revisions

Feb 2006: Shared Sacrifice actions

Mar 2006: U.S. Salaried Pension Plan revisions

Mar 2006: GM/UAW/Delphi Accelerated Attrition announcement

Jun 2006: GM/UAW/IUE Accelerated Attrition results

Additional actions to strengthen liquidity and fund turnaround

Sale of equity stakes in FHI, Isuzu, Suzuki

Announced sale of majority stake in GMAC

Amendment/restatement of revolving credit facility

GMNA Turnaround Actions

12
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##### 



|Structural Cost Reduction in North America*

2006 CY

13

  * Includes North American costs accounted for in Corp Sector

  * Includes North American costs accounted for in Corp Sector

2006 CY pre-tax Savings of about $6B

($ Billion)

Q1

Average Annual Run-rate of about $9B by end of 2006

Q2

Q3

Q4

1H06 about $1.5B

2H06 about $4.5B
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### 



|Europe

Second Quarter Adjusted Results

14

14
|-----------------------------------------------



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##### 



|Latin America, Africa & Middle East

Second Quarter Adjusted Results

15

15
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|Asia Pacific

Second Quarter Adjusted Results

16

2006 Results reflect full consolidation of GM-DAT revenue and income.

2006 Results reflect full consolidation of GM-DAT revenue and income.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### 



|GMAC

Second Quarter Net Income

17



Note: Amounts are presented on the basis reported by GM, which may differ from those
reported by GMAC during the comparable periods

reported by GMAC during the comparable periods
reported by GMAC during the comparable periods
reported by GMAC during the comparable periods
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### 



|GMAC Global Liquidity

GMAC continues to have access to large liquidity cushion

Cash balance of $22.7B* at June 30, 2006

Over $50B of unutilized bank lines and conduit capacity

Renewed two global syndicated bank facilities totaling more than $21B

Multi-year committed auto whole loan facilities with Bank of America and
Bank of Nova Scotia with $48B of unutilized commitments

Over $11B of U.S. retail automotive whole loan sales completed YTD 2006

ResCap has maintained its investment grade credit rating and
continues to have good access to various forms of funding

Raised over $12B of unsecured debt and $4B in bank credit facilities in the
last 12 months

Conservative funding position will be maintained until closing



* Includes $5.5B in cash invested in a portfolio of highly liquid marketable securities


18
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|GMAC Outlook

Following the closing of the transaction, GMAC anticipates improved
access to lower-cost capital to support profitable growth initiatives

Expand auto financing activities to non-GM dealerships

Increase used vehicle financing volume

Further expand ResCap and Insurance international operations

Leverage cross-selling opportunities

Pursue fee-based business opportunities




19
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|GMAC Transaction Closing Status

20

Continue to expect the sale of a 51% controlling interest
in GMAC to the Cerberus-led consortium will close in the
4th Quarter 2006

A number of key closing conditions have now been
satisfied

The consortium has advised that the PBGC condition has been
satisfied

Cerberus granted U.S. FTC anti-trust approval for the transaction
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### 



|GM Liquidity Position

Automotive liquidity improved to $22.9B*

Additionally, $15.6B VEBA assets available to fund healthcare costs

Additionally, recently completed capital markets transactions further
enhance GM's available liquidity position

Completed amendment and restatement of GM's revolving credit facility,
which provides $4.6B of available liquidity

$4.5B secured revolver facility matures in 2011

$0.1B unsecured revolver facility matures in 2008

Intended to be drawn from time to time for seasonal working capital and
other needs

Also completed renewal and new placement of securitization facilities
which provide up to $1.35B of liquidity









* Includes $2.8B in readily-available VEBA assets (i.e., short-term VEBA)



21
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##### 



|Q4'00    Q4'01    Q1'02    Q2'02    Q3'02    Q4'02    Q1'03    Q2'03    Q3'03    Q4'03    Q1'04    Q2'04    Q3'04    Q4'04    Q1'05    Q2 '05    Q3 '05    Q4 '05    Q1 '06    Q2 '06
    Net Liquidity    5.2    4.8    4.8    3.5    -0.7    0.8    1.8    2.5    1.1    4.2    6.5    -2.4    -5.5    -8.9    -7.4    -8.2    -9.2    -12.5    -12.375    -13.2    -12.1    -10.6    -9.6
    Gross Cash    13.2    13    13.3    11.8    11.5    17.3    17.6    18.2    17.3    20.6    23.7    29.3    26.9    23.5    25    24.5    23.3    19.8    20.231    19.2    20.4    21.6    22.9
                    17.3    17.3    18.7    20.1    21.5    23    24.2


$ Billions

Gross / Net Liquidity

2

1,2

1 Cash, Mkt. Securities & ST VEBA

2 Excluding Financing Operations

22
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|Automotive Cash Flow Summary

  Refer to Supplemental Chart 4 for reconciliation to GAAP Operating Cash Flow

23
|----------------------------------------------------------------------------------------------------------------



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##### 



|Summary

Record quarterly revenue of $54.4B

Automotive operations profitable, including over $1B
improvement in GMNA results

Positive cashflow in Q2, with automotive liquidity improved
further to $22.9B

Additional turnaround milestones achieved in Q2:

Better than expected results achieved for GM attrition program

Isuzu sale announced

Revolving credit facility successfully amended and restated

Encouraging progress; intense focus remains on continued
execution of turnaround plan into back half of year

24
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##### 



|What's Next

Support successful resolution of Delphi

Execute implementation of accelerated special attrition
program

Continue toward successful closure of GMAC
transaction

Maintain improving trends in earnings, cash flow, and
liquidity

Reduce structural cost from approximately 34% of
automotive revenue to 25% by 2010

Evaluate potential synergies associated with a Renault-
Nissan alliance


25
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|Supplemental Charts



The following supplemental charts are provided to reconcile
adjusted financial data comprehended in the primary chart set with
GAAP-based data (per GM's financial statements) and/or provide
clarification with regard to definition of non-GAAP terminology
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



---



##### 



|Reconciliation to Adjusted Net Revenue, Net Income / EPS

Q2  - 2005 & 2006

 S1

 S1
|-------------------------------------------------------------------------------------



---



##### 



|Reconciliation of GMNA Revenue Per Unit

Q2 2006

 S2

 S2

a). For GAAP reporting purposes, sales to other GM regions are eliminated whereas they are retained for managerial vehicle analysis

b). Includes SPO parts, Powertrain engines, MSP, and Onstar service outside sales- excluded from managerial vehicle analysis

c). Includes Interest Income, Daily Rental Income, and GM Credit Card Income- excluded from managerial vehicle analysis

d). For GAAP reporting purposes, Daily Rental sales are eliminated whereas they are retained for managerial vehicle analysis
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### 



|Reconciliation of GMAC Loss on Sale

Q2 2006

S3

(a) - For GAAP reporting purposes, impairment on operating lease assets included as part of overall Loss on controlling interest in
GMAC held for sale.  Pursuant to Statement of Financial Accounting Standards No. 144 , the company is required to cease
depreciation on assets held for sale.  Accordingly pre tax income in the second quarter was $775 million higher (as reported in Cost
of sales and other expenses), however the benefits of that ceased depreciation are not recoverable at closing.  Since the operating
lease asset impairment portion of the reported loss on sale offsets the favorable benefits of ceased depreciation, the amount has
been excluded from the managerial analysis.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|Reconciliation of Automotive Cashflow

Q2 - 2005 & 2006, CYTD - 2005 & 2006

S4
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##### 



|Use of Non-GAAP Financial Measures

The preceding charts include the following non-GAAP financial measures:  (a) adjusted net income, (b) GMAC loss on sale, (c) GM North America
vehicle revenue per unit, and (d) automotive cash flow. Each of these financial measures excludes the impact of certain items and therefore has not
been calculated in accordance with U.S. generally accepted accounting principles, or GAAP.



Adjusted Net Income

Adjusted net income excludes a charge for the special attrition program agreement, restructuring and impairments charges, and gains and losses on the
sale of businesses and business interests.  Each of the adjustments is described in more detail below.   Management believes that these non-GAAP
financial measures provide meaningful supplemental information regarding our operating results because they exclude amounts that GM management
does not consider part of operating results when assessing the performance of the organization and measuring the results of GM's performance.  In
addition, GM has historically reported similar non-GAAP financial measures.  GM believes that inclusion of these non-GAAP financial measures
provides consistency and comparability with past earnings releases.  GM management uses these non-GAAP financial measures to evaluate GM's
performance and believes these measures allow GM management to readily view operating trends, perform analytical comparisons, benchmark
performance among geographic regions and assess whether the GM North American structural cost turnaround plan is on target.  Also, GM
management uses adjusted net income for forecasting purposes, and in determining its future capital investment allocations.  Also, adjusted net income
is a key variable in determining management incentive compensation.  Accordingly, GM believes these non-GAAP financial measures are useful to
investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making.



While GM believes that these non-GAAP financial measures provide useful supplemental information, there are limitations associated with the use of
these non-GAAP financial measures.  These non-GAAP financial measures are not prepared in accordance with GAAP, do not reflect a comprehensive
system of accounting and may not be completely comparable to similarly titled measures of other companies due to potential differences in the exact
method of calculation between companies.  Items such as special attrition program agreement and restructuring charges that are excluded from GM's
non-GAAP financial measures can have a material impact on net earnings.  As a result, these non-GAAP financial measures have limitations and
should not be considered in isolation from, or as a substitute for, net earnings, cash flow from operations or other measures of performance prepared in
accordance with GAAP.  GM compensates for these limitations by using these non-GAAP financial measures as supplements to GAAP financial
measures and by reviewing the reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measure.  Investors are
encouraged to review the reconciliations of these non-GAAP financial measures to their most comparable GAAP financial measures as provided in this
chart package.



The following is a discussion of the adjustments to the comparable GAAP financial measure that produces our non-GAAP financial measures:



Special attrition program charges.  Our non-GAAP financial measures exclude the estimated charge associated with the special attrition program
agreement among the UAW, GM and Delphi.  Management believes it is useful in evaluating GM's and its management teams' and business units'
performance during a particular time period to exclude charges associated with the special attrition program, because this irregular charge is generally
associated with right sizing the GM North America business.  Accordingly, management does not consider these costs as part of its core earnings for
purposes of evaluating the performance of the business, and excludes such costs when evaluating the performance of the Corporation, its business
units and its management teams and when making decisions to allocate resources among GM's business units.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|Use of Non-GAAP Financial Measures

Restructuring and impairment charges.  Our non-GAAP financial measures exclude exit costs and related charges, primarily consisting of severance
costs and lease abandonment costs, and any subsequent changes in estimates related to exit activities as they relate to GM's significant
restructurings, which involved significant layoffs.  Management believes the exclusion of restructuring and impairment charges from adjusted net
income is useful because management does not consider these costs part of GM's core earnings in evaluating GM's operational managers and
including the restructuring charges would hamper investors' ability to evaluate the performance of our management in the manner in which GM's
management evaluates performance.  Additionally, management excludes restructuring and impairment charges in its determinations regarding the
allocation of resources, such as capital investment, among the Corporation's business units and as part of its forecasting and budgeting.



Gains and losses on the sale of business units and business interests.  The gains or losses on the sale of business units and business interests are
excluded from adjusted net income.  While GM is involved in sales of its business units and business interests from time to time and the Corporation
may have significant gains or losses from such sales in the future, such events have historically occurred sporadically.  Management excludes the
charges associated with these events when it evaluates the Corporation's operations and for internal reporting, forecasting purposes and allocation of
additional resources.



Adjusted Operating Cash Flow

GM also includes the use of non-GAAP automotive  cash flow in its earnings releases and charts for securities analysts.  Management believes that
providing automotive cash flow furnishes it and investors with useful information by representing the cash flow generated or consumed by its
automotive operations, including cash consumed by automotive capital expenditures and equity investments in companies related to our core business
and cash generated by sales of automotive operating assets and equity investments in companies related to GM's core business, before funding non-
operating-related obligations including debt maturities, dividends and other non-operating items.  Management uses this non-GAAP financial measure
to assess its automotive cash flow when evaluating the performance of GM, its business units and its management teams and when making decisions
to allocate resources among GM's business units.



GM North America Vehicle Revenue per Unit

GM's earnings releases and charts for securities analysts also include the use of non-GAAP measures of revenue per vehicle.  Management uses
revenue per vehicle to track operating efficiency and to facilitate comparisons between periods and between manufacturers, and believes that it would
provide valuable information to investors who are interested in identifying trends and comparing different companies.  Revenue per vehicle includes
certain sales to other GM regions that are excluded from GAAP reporting, and excludes non-vehicle sales such as service parts and operations and
OnStar service and other income that GM does not derive from the sale of vehicles such as interest on the GM credit card.  Management also includes
sales to daily car rental companies in revenue per vehicle; although they are excluded from GAAP reporting because of GM's repurchase obligations.
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